How to save money as an international student in the UK

If you just moved to the UK as a student/worker, here are some tips on how you can save some money

Please share this thread with someone who needs it.

Student discounts, student discounts, STUDENT DISCOUNTS. If you’re a student & you go for an outing or to a cinema, be sure to ask if there are student discounts. Most places that offer student discounts would usually ask you if you’re a student if they think you look like a student, but if they don’t, feel free to ask

If you’re in London & you

It seems like every generation falls into the trap of pushing everybody in the following generation into what is seen to be the most profitable/highest paying careers in their generation.

In our parents' generation, the emphasis was on going to college/university to study usually, medicine, law or engineering.

This was because, at the very least, anyone with a university education in their generation was guaranteed a ticket out of poverty.

What parents do not get (and this generation seems not to have learnt) is the fact that if more people move

Q: How do you know when to sell your investment in fast growing assets like Tesla $TSLA or Bitcoin $BTC or Ethereum $ETH

A: You don’t KNOW, no one does

The only ways to KNOW are:

1. Have a time machine
2. Have access to insider information about what’ll happen in the future Seeing as most of us have neither 1 nor 2, here’s what you can do.

One of 2 things is sure, you could sell today and the price would go up significantly and you’d regret it. Or you could sell today and the price would drop significantly and you’d thank your stars. With fast

You usually hear:

“A $1,000 investment in Apple stock in 2010, would be worth $15,000+ today
$1,000 worth of Bitcoin $BTC at the start of 2016, is worth $70,000+ today”

What you don't hear is

“$1,000 invested in Cisco in March 2000, excluding dividends, was worth $200 in 2011 If you had invested $1,000 in Ripple $XRP in December 2017, you would have about $100 today”

What does this mean?

There is a huge survival bias when we talk about investments. Survivorship bias/survivor bias is simply the tendency to focus on things that did great and forget

It's great that more people are becoming aware of the importance of investing BUT, as we seek out more investment opportunities, you should know that unlike Shrek, all that glitters is not gold. Not all good looking investment opportunities are safe and legit.
 
You should also know that an investment opportunity doesn't have to be a Ponzi scheme for you to run away from it.
 
Most of the investment opportunities available in the Nigerian Fintech space are 3rd party investment.
 
The way 3rd party investment works is: a company gets money from investors

Bitcoin recently hit $34,000 yesterday when as recent as October 10th, it was $11,000

Here’s some unsolicited advice: If you feel you have “bad luck” with investing; i.e. you feel that “if you buy Bitcoin today, the price of Bitcoin will drop”; don’t buy in.

Here’s why I say so I try to never categorically give financial advice because I’d rather show people how I’d make decisions if I were in their shoes and I like (prefer) people to think for themselves and consciously make decisions they feel is best for them or decisions they can live with and not

Here’s a thread of all the articles I’ve written so far about investing in shares. From strategy, knowing how & when to buy stocks; to issues like stock splits, IPOs etc

I’ll update this thread as I write on more topics that relate to investing in the stock market General tips for investing in the stock market
linkedin.com/pulse/sp-500-r…

Before you change all your ₦ savings to $, read this thread

While I think the “convert all your ₦ to $” mantra makes sense when you look at how the naira has performed in the past, I think this statement is a bit too generalized & can be misleading if not given proper context. Here’s my reasoning for this:

Over the last year, the naira has been very unstable. With the naira rising as high as 500 in November. If you need your money in the short term, i.e. in 3-6 months or even up to a year; converting all your naira to dollar might be not be the great

As 2020 as 2020 was (no typo here), 2020 was a great year for some investors. If you invested in some stocks, you could have gotten 10 times your money. Crypto got more adoption etc

Going into 2021, the phrase “regression to the mean” has been on my mind. The phrase simply means that life averages out, or life tends towards a steady average. That is, years of high gains or huge wins are often followed by years of lower ones such that when we look back, growth maintains a steady average

What does this mean? 2021 might not be as great a year for the stock

Bitcoin hit $20,000 yesterday. Now Bitcoin is at around $22,700, over 10% growth in less than 1 day.

Should you buy now or wait?

My thoughts:

The worst time to get in (to invest in anything) is when there’s a massive market excitement. For a few reasons:

1. Market excitement (euphoria) is fickle. A fall in price could trigger a massive sell off which could cause the price to fall further.

2. Market excitement is difficult to sustain, if people are excited by the prospect of doubling their money in a short time, slow and steady growth will not be as

If you had invested in Bitcoin immediately after reading this thread I posted in June, you would have made more than 80% profit on your money for holding it for just 5 months!

What happened to Bitcoin since I posted this thread & should you buy Bitcoin today? A Thread 👇🏾

https://twitter.com/JE_dna/status/1272457827123187712

If you want to read this thread in 1 place, you can find it on my LinkedIn newsletter via this link linkedin.com/pulse/bitcoin-…

At the time I uploaded that thread, the price of 1 Bitcoin (BTC) was about $9,000, at the time I am writing this thread, the price of 1 BTC is over $16,000

Is debt bad? Is being debt free the best financial position to be in?

Yesterday’s thread continued

How can you start using debt to make money?

Credit cards: I posted this tweet to find out if Nigerian banks offer credit cards because one of the first places to start building

https://twitter.com/JE_dna/status/1261221333456818178

credit score is by owning a credit card and I was told that credit cards are available in Nigeria but to people within certain income brackets. Hmm there might be an opportunity here but given that there is no collection of data on people's credit history in Nigeria, this would

Have you ever wondered why rich people borrow a lot?

Have you ever wondered what Finance people mean when they say debt/credit is a great tool for building wealth?

Well here's a simple explanation in this thread:

If you want to read this thread in a single post or share with someone that doesn't use Twitter, here's a link to the article on my LinkedIn newsletter where I breakdown similar Finance topics into simple terms: linkedin.com/newsletters/th…

The dream financial position for some people to be in is "debt-free". But is being debt-free always the

The patriarchy FC “jokes” on Twitter are just the funniest things, not because the jokes are amusing (they’re all unfunny) but here’s why:

You know how popular actors, comedians, artists etc. lose huge opportunities because news comes out that years ago, they made a racist tweet or homophobic post on tumblr?

This could be them in the next 1/2/3 years. And unlike those people, they won’t have plausible deniability. They know fully well how harmful patriarchy is to women, we’ve seen how women have been killed, denied basic human dignity and identity

When you see others making “big money” in a field, there’s a tendency to want to move there to see if you can get a slice of the cake.

Don’t do that.

There a billionaire footballers & broke footballers. Millionaire YouTubers & broke ones. Find what you’re good at & do that. There are FinTech that have raised millions of dollars in funding and those struggling to get by. Software developers making 6 figures and those that aren’t. Influencers or media people that are rich and those that aren’t. There is no 1 foolproof 100% guaranteed career path

Media Update: A thread

Let’s call this one.... “I woke up like this... f̶l̶a̶w̶l̶e̶s̶s̶ bald head” 😌 Jesus to Peter: Upon this rock I’ll build my church

Peter: 👇🏾

Making $50,000 in sales & $30,000 in expenses

is BETTER THAN

Making $1 million sales & $990,000 expenses

The 1st scenario gives $20,000 profit, while the 2nd made HALF of what the 1st got ($10k profit)

Money Lesson: it‘s not just about what you make, it’s about what you KEEP Also, you shouldn’t just get excited when people show you sales of $1m or when these YouTube ads and drop shippers tell you they’ve made $5m in sales. Sales is NOT the same as profit. Sales is NOT the amount business owners keep for themselves.

Don’t get too worried/excited when you see articles like these:

“Jeff Bezos just made $30 billion in 1 day”
“Elon Musk just lost $16.3 billion”

It doesn’t mean that $30bn just entered Bezos’ bank account or $16.3bn just left Musk’s account. That is not what has happened. Those figures don’t have real life tangible impact. Those gains/losses would only materialize if they sell the stocks they own in those companies at that exact moment. And that’s quite unlikely to happen.

Think of it like this: it’s like someone telling you, you failed the exam

Media update: Thread of some of my favorite pictures from yesterday’s outing. Nobody:

Nobody at all:

Me working hard to get my 450k photographer’s fee 💆🏾‍♀️😫

When taking personal finance decisions like where to save, invest your money, it is important to try to separate your emotions from the decision you make

Billionaire investor, Warren Buffett puts it like this: when you invest, turn off the news, don't read newspapers. Invest for the long term. News cycles come and go, good investments do well in the long term (paraphrased and emphasis mine)

Why does Buffett say this? The reasoning is simple, the news triggers our emotions and may make us act in ways that go against what would be in our best financial

“XYZ Forex company is guaranteeing me 10% or 15% or 20% returns every month to invest”

“ABC E-commerce site is offering me 10%-20% profit every month to buy goods on their platform and they sell it for me”

Should I invest? Here’s the answer to your question in this thread: In this thread, I’m not only going to tell you the answer, but I’ll take you on a journey on how you can choose & evaluate investments to come up with the conclusion on your own.

The first thing you need to do before investing in any business is ask yourself: “do I understand